Tally completes $8 million Series A financing, led by Blockchain Capital and others.

ForesightNews · 2025-04-22T13:10:38+00:00

The on-chain governance tool Tally announced the completion of an $8 million Series A financing to address the low voter participation issue in DAOs and assist multiple protocols in effective on-chain governance. The company had previously raised $7.5 million.

ForesightNews

2025-04-22 13:10:38

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According to CoinDesk, Tally, an on-chain governance tool, closed an $8 million Series A funding round, led by Appworks and Blockchain Capital, with participation from BitGo and others. The company aims to solve the problem of low voter participation in DAOs by introducing a stake mechanism that rewards active governance participants, helping protocols such as Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane to effectively govern their DAOs on-chain. Tally had previously raised $7.5 million in two funding rounds in 2021.

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